These 11 U.S. Cities Give You the Best Chance to Earn More Money Than Your Parents – NBC New York

If you do not have wealthy dad and mom, the distinction between driving in coach and taking non-public jets would possibly rely on the place you develop up.

That is in accordance to a study printed in the scientific journal Nature in two parts on Monday. Researchers who studied 21 billion Fb friendships discovered that kids have the next probability of finally climbing social {and professional} ladders in the event that they’re buddies with youngsters in higher-income households. And such socioeconomic mingling is extra frequent in some components of the nation than others, the research famous.

The research’s authors measured the “social connectedness” — or significant interplay between wealthy and poor residents — in counties throughout America, and decided that “if children with low-income parents were to grow up in counties with economic connectedness comparable to that of the average child with high-income parents, their incomes in adulthood would increase by 20% on average.”

The research additionally famous that the worth of social connectedness “is equivalent to the difference in average outcomes between a child who grows up in a family that makes $47,000 a year instead of $27,000 a year.”

Out of the nation’s 200 largest counties, these are the research’s high 11 cities the place such social connectedness thrives:

  1. San Francisco
  2. Utah County, Utah
  3. Loudoun, Virginia
  4. Snohomish, Washington
  5. Norfolk, Massachusetts
  6. Fairfax County, Virginia
  7. San Mateo, California
  8. Waukesha, Wisconsin
  9. Santa Clara, California
  10. Davis, Utah
  11. Honolulu

San Francisco leads the pack: Residents have roughly an 80% probability of being uncovered to high-income friends, and poorer individuals are about 6% extra probably to befriend somebody in the next earnings family, the research stated.

The explanation has nothing to do with admiring your pals’ fancy vehicles or designer baggage. Reasonably, rich dad and mom typically pour sources into instructing their kids how to community, apply for jobs and purchase a bevy {of professional} expertise — and the kids have a tendency to share their learnings with the individuals round them, in accordance to the research.

Matthew Jackson, an economics professor at Stanford and one in every of the research’s authors, says a number of elements may clarify why the phenomenon is extra frequent in some cities than others, starting from the dimension of native excessive faculties to the explicit attitudes of particular communities.

One among the largest elements is the common earnings of a metropolis’s residents, Jackson says: The median family earnings in San Francisco is $119,000 per yr, in accordance to the U.S. Census. By comparability, Cameron County, Texas — one in every of the nation’s worst cities for social connectedness, the research stated — has a median family earnings of $41,200 per yr.

“Often, the areas that are really [socially connected] are mostly rich people,” Jackson tells CNBC Make It. “I think that’s one of the challenges: How do you build these connections in areas where you’re predominately dealing with poor people?”

Jackson additionally says the monetary segregation of richer and poorer communities comes into play. If individuals of various ranges of earnings do not stay in the identical neighborhoods, they’re going to work together much less.

This analysis is not a closed guide. For instance, Jackson says he is nonetheless attempting to determine why Minneapolis seems to be rather more socially linked than Indianapolis, regardless of comparable demographics throughout the two Midwestern cities.

“It’s hard to know what exactly is responsible for [that difference] and how much of it is dependent on culture,” Jackson says. “I think there’s a lot more we’d like to know about what exactly can foster these cross-class ties.”

Jackson says he hopes that extra information may help carry extra individuals out of poverty.

“This data can help school administrators and community leaders understand why people aren’t connecting, and hopefully it will influence policies,” he says. “But this is an ongoing project. Now that the scale of this data and the richness of it is available to lots of researchers, we hopefully can start answering all kinds of questions.”

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